Markets Decline for Second Consecutive Day as Mid-Day Recovery Fails
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Markets Extend Losses for Second Day; Banking, Auto Stocks Drag Benchmarks Lower
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CNBC TV18•12-03-2026, 15:56
Markets Extend Losses for Second Day; Banking, Auto Stocks Drag Benchmarks Lower
•Indian equity markets closed lower for the second consecutive session; Sensex fell 829 points, Nifty 50 declined 228 points.
•Heavy selling in banking (Nifty Bank down 635 points) and auto stocks (Nifty Auto down over 6% in two sessions) significantly contributed to the decline.
•Mahindra & Mahindra, Maruti Suzuki, and Eicher Motors were top Nifty losers; Coal India gained nearly 5%.
•Indian rupee weakened to a record low of 92.36 against the US dollar.
•Aarti Industries gained 5% on a $150 million agrochemical contract; TTK Prestige rose 24% in three sessions.
